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London office values correcting faster than its European counterparts

The trajectory of capital values in London’s office sector is further ahead than almost every counterpart market in Europe, according to new data analysed by BNP Paribas Real Estate, with capital growth for London’s office sector declining by 17.1% year-on-year (Q2 2022 – Q2 2023).
Monday, 25. September 2023

AXA IM Alts launches The Stack in Munich

AXA IM Alts got planning consent and launched the construction of ‘The Stack,’ a c. 16,000 sqm timber hybrid office asset in the centre of Munich.
Friday, 22. September 2023

Oxford North gets green light for three R&D lab buildings

Detailed designs for three new, prestigious laboratory and office buildings which total 458,100 sq ft (42,549 sq m) and will be built as phase 2 of Oxford North, the new £700 million life sciences innovation district, have been resolved to be approved by Oxford City Council’s planning committee. Oxford North will deliver one ...
Friday, 22. September 2023

TikTok London HQ tops out

Verdant, the central London commercial development being brought forward by Topland and Beltane Asset Management, has topped out as it prepares to become social media platform TikTok’s largest UK office. TikTok will let the entirety of the 140,000 sq ft development, which is located in the heart of the Cultural Mile and conne...
Friday, 22. September 2023

Breakthrough to develop European HQ for Neogene Therapeutics

Breakthrough Propertie has reached an agreement with Neogene Therapeutics to develop its new European headquarters within the campus of the Amsterdam University Medical Center (Amsterdam UMC), one of Europe’s leading medical institutions.
Friday, 22. September 2023

Offices stand strong in the Nordics

Following an exceptionally volatile 2022, 2023 has continued in a similar vein. Persistent high inflation, increased interest rates and investor hesitance has led to a relatively slower property transaction market in the Nordic and Baltic countries. Despite the new challenging environment, Newsec sees a promising future ahead...
Wednesday, 20. September 2023

Lumacron relocates Euro HQ to Edinburgh Park

Lumacron Technology has secured a significant tenant at Edinburgh Park, providing some relief to the estate’s under-occupied office space. The company will move its European headquarters to 4-5 Lochside Avenue, a £20m development owned by Knight Property Group. Lumacron has leased 12,814 sq ft on the ground floor on a 10-yea...
Tuesday, 19. September 2023

Sirius completes EY-Building in Helsinki

The construction of EY’s new headquarters in the heart of Helsinki has been successfully completed and the premises have been handed over to the tenants. EY leases the entire building except for a restaurant on the ground floor. The Italian restaurant Bistro Gina from Michelin-starred chef Hans Välimäki and his team will open...
Tuesday, 19. September 2023

Skanska sells the first phase of H2Offices in Budapest to Erste

Skanska has sold the first phase of its H2Offices complex in Budapest to Erste Open-Ended Real Estate Investment Fund, represented by Erste Alapkezelő Zrt. This is the third acquisition that the purchaser has made from Skanska Hungary, after acquiring Nordic Light in 2016 and Mill Park in 2018.
Tuesday, 19. September 2023

Pembroke breaks ground at Hästen 21

Pembroke welcomed Stockholm’s mayor Karin Wanngård together with 80 guests to the groundbreaking ceremony of their latest mixed-use development Hästen 21.
Monday, 18. September 2023